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Category Archives: FX Street

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Economic wrap: Q4 looking better on US ISM – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: “US construction spending rose 0.9% in Nov (0.5% expected), with upward revisions in non-residential and public construction. Following this update, the Atlanta Fed upgraded its model prediction for Q4 GDP from 2.5% to 2.9%. ISM manufacturing

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Wall Street in the green, dollar ripped, oil dumped

Wall Street closed in the green but have some way to go before reaching the all time highs. Market wrap: dollar makes fresh decade highs – Westpac  The Dow Jones Industrial Average was up by 119.16 points, or 0.6%, to close at 19,881.76. The S&P

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Market wrap: dollar makes fresh decade highs – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: “Global market sentiment: The US dollar made a fresh decade high after some solid economic data, but later reversed course amid thin trading conditions. Interest rates: US 10yr treasury yields initially rose from 2.43% to 2.52%,

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US ISM shows optimism – Nomura

Analysts at Nomura explaained that All in all, the latest reading from the US ISM report suggests that manufactures continued to feel optimistic about both current and near-term conditions in December. Key Quotes: “The post election appreciation of dollars and a recent increase in energy

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GBP/USD short-term technicals look neutral/bearish – Scotiabank

Choppy trading over the New Year period has flattened out the technical picture for the GBP in the short run but the broader technical message remains bearish, said Shaun Osborne, Strategist at Scotiabank. Key Quotes “Sterling firmed on evidence that the UK manufacturing sector picked

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Eyes on German CPI, tracking fluctuations – Nomura

Analysts at Nomura explained that the preliminary December reading of the German CPI rose 0.7% m-o-m and 1.7% y-oy, in line with our expectations but exceeding consensus expectations (Consensus: 0.6% m-o-m and 1.4% y-o-y).  Key Quotes: “German annual HICP inflation surprised on the upside, increasing

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USD/JPY retraces intraday gains

The greenback was trading firmer across the board and took USD/JPY to a 2-week high of 118.60, although it surrendered gains afterwards despite better-than-expected ISM manufacturing PMI data. USD/JPY turned lower and fell all the way back toward 117.34, retracing intraday gains. At time of